{"id":152723,"date":"2026-04-28T18:59:09","date_gmt":"2026-04-28T17:59:09","guid":{"rendered":"https:\/\/gazdasagportal.hu\/?p=152723"},"modified":"2026-04-28T18:59:09","modified_gmt":"2026-04-28T17:59:09","slug":"iran-miatt-nem-tud-kamatot-vagni-az-mnb","status":"publish","type":"post","link":"https:\/\/gazdasagportal.hu\/index.php\/iran-miatt-nem-tud-kamatot-vagni-az-mnb\/","title":{"rendered":"Ir\u00e1n miatt nem tud kamatot v\u00e1gni az MNB"},"content":{"rendered":"<table role=\"presentation\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"100%\"><strong>Ism\u00e9t kamattart\u00e1sr\u00f3l hat\u00e1rozott a Monet\u00e1ris Tan\u00e1cs.\u00a0A konszenzusnak megfelel\u0151en 6,25 sz\u00e1zal\u00e9kon maradt az alapkamat, \u00e9s a kamatfolyos\u00f3 sem v\u00e1ltozott.<!--more--><\/p>\n<div class=\"ads-in-post2\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-6t+ed+2i-1n-4w\"\r\n     data-ad-client=\"ca-pub-1959107119989764\"\r\n     data-ad-slot=\"4008251320\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table role=\"presentation\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"100%\"><strong>Nem v\u00e1ltozott az el\u0151retekint\u0151 ir\u00e1nymutat\u00e1s.\u00a0<\/strong>A jegybank tov\u00e1bbra is az \u00f3vatos \u00e9s t\u00fcrelmes monet\u00e1ris politika sz\u00fcks\u00e9gess\u00e9g\u00e9t hangs\u00falyozta. &#8222;A Monet\u00e1ris Tan\u00e1cs elk\u00f6telezett az infl\u00e1ci\u00f3s c\u00e9l fenntarthat\u00f3 el\u00e9r\u00e9se mellett. A szigor\u00fa monet\u00e1ris kond\u00edci\u00f3k fenntart\u00e1sa indokolt. A Tan\u00e1cs folyamatosan \u00e9rt\u00e9keli a be\u00e9rkez\u0151 makrogazdas\u00e1gi adatok \u00e9s a p\u00e9nz\u00fcgyi piaci folyamatok infl\u00e1ci\u00f3s kil\u00e1t\u00e1sokra gyakorolt hat\u00e1sait, melyek alapj\u00e1n k\u00f6r\u00fcltekint\u0151en \u00e9s adatvez\u00e9relten d\u00f6nt az alapkamat m\u00e9rt\u00e9k\u00e9r\u0151l.&#8221;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table role=\"presentation\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"100%\"><strong>A geopolitikai fesz\u00fclts\u00e9gek kedvez\u0151tlen\u00fcl hatnak a glob\u00e1lis infl\u00e1ci\u00f3s \u00e9s n\u00f6veked\u00e9si kil\u00e1t\u00e1sokra.<\/strong>\u00a0Kiemelt\u00e9k, hogy az ir\u00e1ni h\u00e1bor\u00fa jelent\u0151sen emelte a vil\u00e1gpiaci olaj\u00e1rat \u00e9s az eur\u00f3pai g\u00e1z\u00e1rat. Ugyanakkor a hazai eszk\u00f6z\u00f6k kock\u00e1zati fel\u00e1ra a v\u00e1laszt\u00e1sok ut\u00e1n m\u00e9rs\u00e9kl\u0151d\u00f6tt, ami m\u00f6g\u00f6tt t\u00f6bbek k\u00f6z\u00f6tt az eur\u00f3pai uni\u00f3s forr\u00e1sokkal \u00e9s az eur\u00f3bevezet\u00e9ssel kapcsolatos v\u00e1rakoz\u00e1sok \u00e1llnak. A forint er\u0151s\u00f6d\u00f6tt, \u00e9s cs\u00f6kkent a volatilit\u00e1s, de m\u00e9g mindig magasabb, mint az ir\u00e1ni h\u00e1bor\u00fa el\u0151tt. El\u0151retekintve meghat\u00e1roz\u00f3, hogy a kock\u00e1zati fel\u00e1rak cs\u00f6kken\u00e9se fennmaradjon.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table role=\"presentation\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"100%\"><strong>Kiemelten fontos a p\u00e9nzpiaci \u00e9s devizapiaci stabilit\u00e1s.\u00a0<\/strong>2026 m\u00e1rcius\u00e1ban az infl\u00e1ci\u00f3 1,8 sz\u00e1zal\u00e9kra n\u0151tt, m\u00edg a maginfl\u00e1ci\u00f3 1,9 sz\u00e1zal\u00e9kra cs\u00f6kkent. A be\u00e9rkezett adatok a m\u00e1rciusi Infl\u00e1ci\u00f3s jelent\u00e9s el\u0151rejelz\u00e9s\u00e9vel \u00f6sszhangban alakultak. A fogyaszt\u00f3i\u00e1r-index emelked\u00e9s\u00e9t az \u00fczemanyagok \u00e1remelked\u00e9se okozta, amit az iparcikkek \u00e9s a piaci szolg\u00e1ltat\u00e1sok dezinfl\u00e1ci\u00f3ja r\u00e9szben ellens\u00falyozott. Az \u00e9v els\u0151 h\u00f3napjaiban a v\u00e1llalati \u00e1rv\u00e1rakoz\u00e1sok n\u00e9mileg emelkedtek, de tov\u00e1bbra is visszafogott dinamik\u00e1t jeleztek. A lakoss\u00e1gi infl\u00e1ci\u00f3s v\u00e1rakoz\u00e1sok m\u00e9rs\u00e9kl\u0151dtek. Az idei \u00e9v sor\u00e1n a magas energia\u00e1rak begy\u0171r\u0171z\u00e9s\u00e9vel folytat\u00f3dik az infl\u00e1ci\u00f3 emelked\u00e9se, ugyanakkor az er\u0151sebb forint m\u00e9rs\u00e9kli az \u00e1remelked\u00e9s \u00fctem\u00e9t. Az infl\u00e1ci\u00f3 2026 harmadik negyed\u00e9v\u00e9t\u0151l a tolerancias\u00e1v felett alakul, majd 2027 m\u00e1sodik fel\u00e9ben t\u00e9r vissza fenntarthat\u00f3an a jegybanki c\u00e9lra. A bizonytalan vil\u00e1ggazdas\u00e1gi k\u00f6rnyezetben stabilit\u00e1sorient\u00e1lt monet\u00e1ris politikai megk\u00f6zel\u00edt\u00e9s, valamint az infl\u00e1ci\u00f3s kil\u00e1t\u00e1sok folyamatos, k\u00f6r\u00fcltekint\u0151 elemz\u00e9se indokolt. Az infl\u00e1ci\u00f3s v\u00e1rakoz\u00e1sok horgonyz\u00e1s\u00e1hoz, \u00e9s ez\u00e1ltal az \u00e1rstabilit\u00e1si c\u00e9l el\u00e9r\u00e9s\u00e9hez elengedhetetlen a hazai p\u00e9nz\u00fcgyi piacok, kiemelten a devizapiac stabilit\u00e1s\u00e1nak fenntart\u00e1sa.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table role=\"presentation\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td align=\"center\" valign=\"top\" width=\"100%\"><img decoding=\"async\" class=\"CToWUd a6T\" tabindex=\"0\" src=\"https:\/\/ci3.googleusercontent.com\/meips\/ADKq_NZuPKosb5at8v9_084QBtL3P1bWJgSD2KvioU6ywZ3C4jZkRa5hm77HwKMNsCUsNBt6Mqq0HkUoy4tGnXIxttOhfj3VSFSRV4WwC7JgUsPsI4CIjQn-VeVawGYihr4xyghuYbxxXLztzaaXbf4QNzzp1aqs43Bw7Rs=s0-d-e1-ft#https:\/\/hirlevel.equilor.hu\/c\/DKveDp2rUEGOPx49hpHZ7w\/media\/e42e11da-6dbe-4abf-9c59-abdf3830009a.JPG\" alt=\"\" width=\"600\" border=\"0\" data-bit=\"iit\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table role=\"presentation\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"100%\"><em>Forr\u00e1s: Magyar Nemzeti Bank progn\u00f3zis<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table role=\"presentation\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"100%\"><strong>Varga Mih\u00e1ly az eur\u00f3bevezet\u00e9sr\u0151l.<\/strong>\u00a0A jegybankeln\u00f6k \u00fajs\u00e1g\u00edr\u00f3i k\u00e9rd\u00e9sre elmondta, hogy a d\u00f6nt\u00e9st nem a jegybank fogja meghozni, hanem a korm\u00e1ny, de ez a d\u00f6nt\u00e9s m\u00e9g nem sz\u00fcletett meg. V\u00e9lem\u00e9nye szerint a magyar lakoss\u00e1g r\u00e9sz\u00e9r\u0151l sokszor indokolatlan v\u00e1rakoz\u00e1sok \u00f6vezik az eur\u00f3 bevezet\u00e9s\u00e9t. Az eur\u00f3 bevezet\u00e9se akkor lesz sikeres, ha gondos \u00e9s alapos el\u0151k\u00e9sz\u00edt\u0151 munka el\u0151zi meg. A nem alap\u00edt\u00f3 orsz\u00e1gok fel\u00e9nek felz\u00e1rk\u00f3z\u00e1sa nem siker\u00fclt az eur\u00f3\u00f6vezethez val\u00f3 csatlakoz\u00e1st k\u00f6vet\u0151en.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table role=\"presentation\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"100%\"><strong>A k\u00fcls\u0151 k\u00f6rnyezetnek kell javulnia a kamatv\u00e1g\u00e1shoz.<\/strong>\u00a0Szint\u00e9n k\u00e9rd\u00e9sre v\u00e1laszolva Varga Mih\u00e1ly elmondta, hogy a kamatv\u00e1g\u00e1s folytat\u00e1s\u00e1hoz els\u0151sorban a k\u00fcls\u0151 k\u00f6rnyezetben kell t\u00f6rt\u00e9nnie javul\u00e1snak, f\u0151k\u00e9nt a nyersanyagpiaci \u00e1raknak kell cs\u00f6kkennie.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table role=\"presentation\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"100%\"><strong>Fontos t\u00e1masz felett az eur\u00f3-forint \u00e1rfolyama.\u00a0<\/strong>A jegyz\u00e9s visszat\u00e9rt a 364-es szint f\u00f6l\u00e9, mely fontos r\u00f6vid t\u00e1v\u00fa t\u00e1maszt jelent, a k\u00f6vetkez\u0151 \u00e9rdemi ellen\u00e1ll\u00e1s 369,50 k\u00f6zel\u00e9ben h\u00faz\u00f3dik. Az MACD indik\u00e1tor v\u00e9teli jelz\u00e9st k\u00e9sz\u00fcl adni, erre \u00e9rdemes a k\u00f6vetkez\u0151 napokban figyelni, ugyanakkor a volatilit\u00e1s tov\u00e1bbra is magas maradhat.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table role=\"presentation\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td align=\"center\" valign=\"top\" width=\"100%\"><img decoding=\"async\" class=\"CToWUd a6T\" tabindex=\"0\" src=\"https:\/\/ci3.googleusercontent.com\/meips\/ADKq_NZfsuQ0OAvwe0a7F3zbOEWdJtGIUdoicsaw0oYpccpiMVTkAigWVXuzXlygEXCRKt1rDH1gf2CyDbt-4pvqO39_JBe915F4bhslKYMhlxNdGtxMj811EV--9AOmnQe50oKknEW2qaDaz2lqoPOYp3fv5jc-6LOqLgI=s0-d-e1-ft#https:\/\/hirlevel.equilor.hu\/c\/DKveDp2rUEH0CruCwT9kwQ\/media\/dfc6ecb4-d806-4882-8c17-9810429ed85b.png\" alt=\"\" width=\"600\" border=\"0\" data-bit=\"iit\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table role=\"presentation\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"100%\"><em>Forr\u00e1s: Equilor Trader, Equilor Elemz\u00e9s<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Ism\u00e9t kamattart\u00e1sr\u00f3l hat\u00e1rozott a Monet\u00e1ris Tan\u00e1cs.\u00a0A konszenzusnak megfelel\u0151en 6,25 sz\u00e1zal\u00e9kon maradt az alapkamat, \u00e9s a kamatfolyos\u00f3 sem v\u00e1ltozott.<\/p>\n","protected":false},"author":1001010,"featured_media":20709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[436,19],"tags":[],"_links":{"self":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/152723"}],"collection":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/users\/1001010"}],"replies":[{"embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/comments?post=152723"}],"version-history":[{"count":2,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/152723\/revisions"}],"predecessor-version":[{"id":152725,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/152723\/revisions\/152725"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/media\/20709"}],"wp:attachment":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/media?parent=152723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/categories?post=152723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/tags?post=152723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}